Mortgage Blog

As reported in the Rocky Mountain News "foreclosures cited for a 7 year low in vacancy rate".

This continues to add fuel to the investor marketplace for single family homes.  The lending community still has an appetite for NOO (Non-owner Occupied) properties depending on the qualifications of the borrower.  Because there are enough variables it is worth a call to me to get a more accurate evaluation.

Quick round up on some stats; Inventory of Unsold Homes in Denver last year - 29,110, this year 26,333.  As we see the inventory work it's way down there will be modest gains in home prices!